Egypt Equity Markets | 19 Nov 2015: All Green at Egyptian equity, EGX30 index 2.43% higher, Bank sector 3.01% up ….

Cairo, Egypt, Capital Markets in Africa – Egyptian Exchange continued in the North Pole at the end of today trading session. The equity market capitalization added EGP 4.8 billion (nearly US$596 million) to end at EGP 423.117 billion relatively to the previous market capitalization of EGP 418.348 billion.  

The benchmark index EGX30 grew by 2.43 percent or 155.00 points to close at 6,568.97 points to reach its most high level in eleven weeks. The equal-weighted indexes EGX50 surged by 2.22 percent or 24.46 points to settle at 1,126.68 points. EGX70 index, which measures small and mid-cap index, soared by 2.02 percent or 7.04 points to end at 356.22 points. The broader index EGX100 grew by 1.40 percent or 10.60 points to 768.90 points and the EGX20 capped index gained 2.47 percent or 155.81 points to close at 6,451.55 points.

From market activity viewpoint, today turnover was recorded at EGP 483.461 million exchanged in 228,461,599 traded securities in 17,935 deals. Local and Arab investors came as net buyers with EGP 6.9 million and EGP 6.9 million respectively, while foreign investors came as net sellers with EGP 13.8 million. Institutions came as net buyers, especially the local ones while retail traders were net sellers.

Out of the 161 traded stocks today, there were 113 price gainers and 22 price losers which bring the market breath ended in the positive zone. The price gainers were Torah Cement grew by 8.87 percent to end the trading sessions at EGP 14.12 and Egyptian Real Estate Group advanced by 8.84 percent with a closing price of EGP 5.42.Northern Upper Egypt Development increased by 8.17 percent to close at EGP 4.37. Rakta Paper Manufacturing also gained 7.59 percent to settle at EGP 3.26 and Al Baraka Bank Egypt surged by 7.53 percent to close at EGP 10.00.

On the other hand, TransOceans Tours slumped by 12.50 percent to close at US$ 0.7, Suez Cement sagged by 8.06 percent to end at EGP 24.06 and Orascom Hotels fell by 3.98 percent with a closing price of EGP7.00. Equally, El Ezz Aldekhela Steel and National Cement lower by 2.95 percent to end at EGP 292.13 and slid by 2.86 percent to trade at EGP 7.14 respectively.

On the final note, Healthcare & Pharmaceutical grew by 1.73 percent and Chemical added 0.30 percent. Banks sector index surged by 3.01 percent or 86.73 points to close at 2,965.82 points, Basic resources sector index advanced by 2.24 percent and Food & Beverages gained 3.06 percent. Construction & Materials dropped 2.15 percent and Industrial Goods & Services surged by 2.09 percent. Travel & Leisure sector index gained 1.25 percent and Real Estate gained 2.59 percent. Telecommunications advanced by 2.26 percent and Financial Services excluding Banks rose by 1.85 percent.

Leave a Comment